There are three major plays that have the full attention of Occidental Petroleum Corp.’s (Oxy) strategy to significantly grow its U.S. drilling operations — California, the Permian Basin and the Bakken — and they each have their different timetables and challenges, said Oxy CEO Stephen Chazen.
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EnerVest Utica Acreage Marketed in 13 Packages
EnerVest Ltd. hasn’t nailed down buyers for some of its Utica Shale portfolio in Ohio, but there is plenty of interest in the big leasehold. Now it’s a matter of getting the right prices and the right terms, CEO John Walker said Tuesday.

Forest to Run Faster in Eagle Ford on $90M Drilling Carry
Forest Oil Corp. has struck an agreement with Schlumberger that the company said will allow it to accelerate development of its Eagle Ford Shale acreage.
Shale Growth Causing NatGas Pipeline ‘Replumbing,’ Says Braziel
The day-in and day-out reports from operators ready to build new natural gas pipelines and natural gas liquids (NGL) midstream infrastructure generally have had one thing in common over the past couple of years: most are for the Marcellus Shale. And that’s not going to change anytime soon, according to industry executives.
Senate Panel to Vote on Jewell Thursday; GOP Backlash Expected
The Senate Energy and Natural Resources Committee is expected to vote Thursday on whether to send the nomination of Sally Jewell for Interior secretary to the full Senate for consideration.
Marcellus Is Still Golden Child Among Cabot’s Plays
Despite a year of languishing natural gas prices, Cabot Oil & Gas Corp. annual revenues for the first time surpassed $1 billion in 2012. Cash flow set records as proved reserves grew by 27% to 3.8 Tcf on organic growth that replaced 417% of record production. The Marcellus Shale gave much despite infrastructure challenges.
Battle for SandRidge Board of Directors Renewed
The war of words between Oklahoma City-based SandRidge Energy Inc. and hedge fund TPG-Axon Capital, one of the exploration and production (E&P) company’s largest investors, was renewed this week, with both sides appealing to SandRidge shareholders for support.
Senate Energy Committee Begins ‘Fresh Look’ at Policy
With the domestic shale gale in full force, Senate Energy & Natural Resources Committee Chairman Ron Wyden (D-OR) and Lisa Murkowski (R-AK), the ranking Republican on the committee, vowed Tuesday to work together in a bipartisan effort to rethink energy regulation — but their differences on the issued appear unresolved.
McMoRan Reports Big Losses for 4Q, Year
Gulf of Mexico operator McMoRan Exploration Co. on Friday reported a big loss in the final three months of 2012 because of impairments and a sharp revenue decrease related in part to its gassy shallow-water operations.
Quicksilver Horn River, Barnett Deals Yet? Wait for It…
During an earnings conference call Tuesday, analysts peppered the management of Fort Worth, TX-based Quicksilver Resources Inc. with questions about efforts to establish a joint venture (JV) in the Horn River Basin and take a partner in the Barnett Shale, but executives were tight-lipped, not wanting to disclose details of talks.